Common use of Restriction on withdrawal Clause in Contracts

Restriction on withdrawal. During the Security Period no sum may be withdrawn by the Borrower from the Retention Account (other than interest accruing thereon pursuant to Clause 18.6, provided that no Event of Default or Potential Event of Default has occurred), without the prior written consent of the Agent. Each Owner may, in any calendar month, after having transferred and/or after having taken into account all amounts due or which will become due to be transferred to the Retention Account in such calendar month in accordance with Clause 18.2, withdraw any surplus (a “Surplus”) from its Earnings Account as it may think fit for purposes permitted by this Agreement and the other Finance Documents Provided always no Event of Default or Potential Event of Default has occurred in which case, the Borrower shall procure that any Surplus shall remain on the relevant Earnings Account and each Owner may only withdraw the Surplus (or any part thereof) with the prior written consent of the Agent (acting upon the instructions of the Majority Lenders in order to satisfy the documented and properly incurred operating expenses of the Ships.

Restriction on withdrawal. During the Security Period no sum may be withdrawn by the Borrower from the Liquidity Account or the Retention Account (other than interest accruing thereon pursuant to Clause 18.6, provided that no Event of Default or Potential Event of Default has occurredoccurred which is continuing), without the prior written consent of the Agent. Each Owner The Borrower may, in any calendar month, after having transferred and/or after having taken into account all amounts due or which will become due to be transferred to the Retention Account in such calendar month in accordance with Clause 18.2, withdraw any surplus (a “Surplus”) from its the Earnings Account as it may think fit for purposes permitted by this Agreement and the other Finance Documents Provided always no Event of Default or Potential Event of Default has occurred which is continuing in which case, the Borrower shall procure that case any Surplus shall remain on the relevant Earnings Account and each Owner the Borrower may only withdraw the Surplus (or any part thereof) with the prior written consent of the Agent (acting upon the instructions of the Majority Lenders in order to satisfy the documented and properly incurred operating expenses of the ShipsShip.

Restriction on withdrawal. During the Security Period no sum may be withdrawn by the Borrower from the Minimum Liquidity Account or the Retention Account (other than interest accruing thereon pursuant to Clause 18.6, provided that no Event of Default or Potential Event of Default has occurredoccurred which is continuing), without the prior written consent of the Agent. Each Owner The Borrower may, in any calendar month, after having transferred and/or after having taken into account all amounts due or which will become due to be transferred to the Retention Account in such calendar month in accordance with Clause 18.2, withdraw any surplus (a “Surplus”) from its the Earnings Account as it may think fit for purposes permitted by this Agreement and the other Finance Documents Provided always no Event of Default or Potential Event of Default has occurred which is continuing in which case, the Borrower shall procure that case any Surplus shall remain on the relevant Earnings Account and each Owner the Borrower may only withdraw the Surplus (or any part thereof) with the prior written consent of the Agent (acting upon the instructions of the Majority Lenders Lenders) in order to satisfy the documented and properly incurred operating expenses of the ShipsShip.

Restriction on withdrawal. During the Security Period no sum may be withdrawn by the Borrower from the Minimum Liquidity Account or the Retention Account (other than interest accruing thereon pursuant to Clause 18.6, provided that no Event of Default or Potential Event of Default has occurredoccurred which is continuing), without the prior written consent of the Agent. Each Owner The Borrower may, in any calendar month, after having transferred and/or after having taken into account all amounts due or which will become due to be transferred to the Retention Account in such calendar month in accordance with Clause 18.2, withdraw any surplus (a “Surplus”) from its the Earnings Account as it may think fit for purposes permitted by this Agreement and the other Finance Documents Provided always no Event of Default or Potential Event of Default has occurred which is continuing in which case, the Borrower shall procure that case any Surplus shall remain on the relevant Earnings Account and each Owner the Borrower may only withdraw the Surplus (or any part thereof) with the prior written consent of the Agent (acting upon the instructions of the Majority Lenders in order to satisfy the documented and properly incurred operating expenses of the ShipsShip.

Restriction on withdrawal. During the Security Period no sum may be withdrawn by the Borrower from the Retention Account (other than interest accruing thereon pursuant to Clause 18.6, provided that no Event of Default or Potential Event of Default which is continuing has occurred), without the prior written consent of the Agent. Each The Owner may, in any calendar month, after having transferred and/or after having taken into account all amounts due or which will become due to be transferred to the Retention Account in such calendar month in accordance with Clause 18.2, withdraw any surplus (a “"Surplus”") from its Earnings Account as it may think fit for purposes permitted by this Agreement and the other Finance Documents Provided always no that if an Event of Default or Potential Event of Default which is continuing has occurred in which caseoccurred, the Borrower shall procure that any Surplus shall remain on the relevant Earnings Account and each the Owner may only withdraw the Surplus (or any part thereof) with the prior written consent of the Agent (acting upon the instructions of the Majority Lenders Lenders) in order to satisfy the documented and properly incurred operating expenses of the ShipsShip.

Restriction on withdrawal. During the Security Period no sum may be withdrawn by the a Borrower from the Liquidity Account or the Retention Account (other than interest accruing thereon pursuant to Clause 18.618.10, provided that no Event of Default or Potential Event of Default has occurredoccurred which is continuing), without the prior written consent of the Agent. Each Owner The Borrowers may, in any calendar month, after having transferred and/or after having taken into account all amounts due or which will become due to be transferred to the Retention Account in such calendar month in accordance with Clause 18.218.6, withdraw any surplus (a “Surplus”) from its the Earnings Account Accounts (or any of them) as it they may think fit for purposes permitted by this Agreement and the other Finance Documents Provided always no Event of Default or Potential Event of Default has occurred which is continuing in which case, the Borrower shall procure that case any Surplus shall remain on the relevant Earnings Account and each Owner the Borrowers may only withdraw the Surplus (or any part thereof) with the prior written consent of the Agent (acting upon the instructions of the Majority Lenders Lenders) in order to satisfy the documented and properly incurred operating expenses of the ShipsShips (or any of them).

Restriction on withdrawal. During the Security Period no sum may be withdrawn by the Borrower from the Minimum Liquidity Account or the Retention Account (other than interest accruing thereon pursuant to Clause 18.6, provided that no Event of Default or Potential Event of Default which is continuing has occurred), without the prior written consent of the Agent. Each The Owner may, in any calendar month, after having transferred and/or after having taken into account all amounts due or which will become due to be transferred to the Retention Account in such calendar month in accordance with Clause 18.2, withdraw any surplus (a “Surplus”) from its Earnings Account as it may think fit for purposes permitted by this Agreement and the other Finance Documents Provided always no Event of Default or Potential Event of Default which is continuing has occurred in which case, the Borrower shall procure that any Surplus shall remain on the relevant Earnings Account and each the Owner may only withdraw the Surplus (or any part thereof) with the prior written consent of the Agent (acting upon the instructions of the Majority Lenders Lenders) in order to satisfy the documented and properly incurred operating expenses of the ShipsShip.